The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries (OPEC) to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won't require it to sell less oil.
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded a A$363 million ($273 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector.
Gastech, one of the world's largest exhibitions and conferences focused on gas, liquefied natural gas (LNG), and hydrogen, will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, due to COVID-19 uncertainties and travel restrictions.
Serba Dinamik, one of Malaysia’s leading oil and gas service and equipment companies, has been put on a Rating Watch Negative (RWN) list by Fitch Ratings as the firm faces an investigation over unverified contracts.
Indonesia released on Friday an Iranian-flagged ship it had seized four months ago over suspected illegal transfer of crude oil, an Indonesian official and Iranian state media said on Saturday.
Adnoc has awarded a $744 million contract to the National Petroleum Construction Company (NPCC) for the full field development of the Belbazem offshore block.
Energean has pushed back the expected start of operations at its Karish project, offshore Israel, owing to delays in Singapore, while also approving more Karish North work.
Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual.
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies.
Among major liquefied natural gas (LNG) suppliers, Qatar, as well as Russia and African producers, look set to benefit from China’s rising demand for the fuel, according to FitchSolutions.
Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.
Delek Drilling has signed a non-binding memorandum of understanding (MoU) with Abu Dhabi’s Mubadala Petroleum on the sale of a gas field offshore Israel.
CNOOC, China’s third-biggest oil company, has signaled its interest to become a partner in Qatar’s $29 billion North Field liquefied natural gas (LNG) expansion project, that will be the world’s largest.
Saudi Aramco is conducting a strategic review of its upstream business, in a move that could potentially see the state-owned firm bring in external investors to some of its oil and gas assets, people with knowledge of the matter said.